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stingray113

03/01/13 10:13 AM

#1695 RE: The cook #1694

Nicely played my friend, nicely played.

I didn't bite until we broke $11.70, lost out on 20% or so of unrealized gains, but still booked green and that's the most important thing with volatility - always book green.

I added a few March $9 puts at $.25 after I sold out of my calls. Hopefully will be able to catch the swing on that today or tomorrow.

dilwinkle

03/01/13 2:39 PM

#1706 RE: The cook #1694

I bought in yesterday @10.15 haven't sold yet. Over slept and missed the run to 12.40 sux. Think we'll have a panic sell-off in the last 1/2 hr and get back into the 12's maybe even 13's ?

stingray113

03/01/13 2:47 PM

#1707 RE: The cook #1694

$12 today? Quite possible. I'd be happy with $11.50 though. $13 next week not unrealistic, but then again neither is $9.

At this point we all but know for sure that sequestration will hit. I'd hold over the weekend if you're already long, but have your finger on the trigger. This could easily get another little pop, but I'd be surprised by more than the obligatory 10% from here ($12.50-$13).